The super absorbent polymers market has witnessed significant growth due to its increased application in diapers. Super absorbent polymers are able to absorb and retain large amounts of liquid and act as absorbents in baby diapers and adult incontinence products. They help absorb moisture and keep babies dry. Super absorbent polymers consist of 75-90% water in their swollen gel form. The gel form prevents re-wetting and leakage. They provide dryness and comfort, which has increased their demand in diapers.
The global super absorbent polymers market is estimated to be valued at US$ 9.25 Bn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the super absorbent polymers market are Nippon Shokubai Co. Ltd., Evonik Industries AG, BASF SE, Yixing Danson Technology, Kao Corporation, Sumitomo Seika Chemicals Co. Ltd, San-Dia Polymers Global Co. Ltd., Sanyo Chemicals Industries, Formosa Plastics Corporation, and LG Chemicals Ltd.Key opportunities in the Super Absorbent Polymers Market Demand from developing markets with growing population and increasing disposable incomes. The aging population also presents lucrative opportunities with rising need for adult incontinence products. Furthermore, development of sustainable super absorbent polymers using bio-based materials offers new growth prospects.Globally, the super absorbent polymers market is expected to witness highest growth in Asia Pacific due to rising birth rates, increasing incomes, and expanding diaper market. China represents the largest producer and consumer of super absorbent polymers globally with significant domestic demand from its massive diaper market. North America and Europe are major markets with focus on adult incontinence products.
Market drivers
The key driver for the super absorbent polymers market growth is the rising demand from the diaper industry. Diapers accounted for over 80% of the total consumption of super absorbent polymers globally. Growing birth rates in developing nations and increasing disposable incomes are driving the sales of diapers and boosting demand for super absorbent polymers. Additionally, rising elderly population suffering from urinary incontinence is augmenting the need for adult diapers and driving market growth.
PEST Analysis
Political: The Super Absorbent Polymers Market Analysis depends on environmental regulations are used in hygiene products and help reduce pollution. Regulations supporting pollution control will boost demand.
Economic: As personal disposable incomes rise in developing nations, demand for hygiene and personal care products increases, driving polymer usage. But a global economic slowdown can negatively impact market growth.
Social: With growing health and hygiene awareness, demand for baby diapers and feminine hygiene products is rising rapidly across regions. This will fuel super absorbent polymer consumption.
Technological: Manufacturers are investing in R&D to develop polymers that can absorb more liquid with lesser raw material usage. They are also focusing on making polymers environment-friendly and biodegradable to meet sustainability goals.
Geographical concentration: North America accounts for the largest share of the global super absorbent polymer market, in terms of value, followed by Europe and Asia Pacific. This is due to high consumption of hygiene products, especially diapers, in developed countries across these regions.Fastest growing region: Asia Pacific is expected to be the fastest growing region during the forecast period owing to increasing disposable incomes, rising birth rates and growing health awareness in highly populated countries such as China and India. The expanding market for baby diapers and adult incontinence products will propel polymer demand.
Get more insights on Super Absorbent Polymers Market
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
Comments